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$924,900
1 Baths 963648 MLS® #
Developer Alert! Opportunity knocks in Old City. The door is whatever you build beyond it! Don’t miss this RARE legal double lot property located in the heart of beautiful and historical Old City Quarters in Nanaimo, BC. The single-family home is situated on the larger lot and does not straddle both properties. This enables you to start building (without the removal of the home) immediately with approvals from the city. Currently zoned R13 Duplex/multi-family, it allows for many options! The city is currently encouraging higher density in the Official Community Plan (OCP), and therefore, a higher density rezone or a property line variance should be encouraged. Contact us for a full information package! Don’t miss out on this rare property waiting for your future development. All measurements are approximate.

328 Kennedy St, Nanaimo

Courtesy of RE/MAX of Nanaimo

$739,900
2 Beds 1 Baths 956972 MLS® #
Welcome to 798 Franklyn St in the Old City Quarter! Ocean views from this large corner lot with duplex zoning makes this property an excellent development, rezoning or holding opportunity. The character 2 bedroom 1 bath home features a partially finished basement with a den plus workshop. The property is in a prime location and walking distance to shops and key amentities including the waterfront and seawall. With the BC proviincial government mandate for more housing this could be a great opportunity. You could hold onto the rental property while you plan the future development potential and options or build a second home. Long term tenant in place and home needs TLC. All measurements are approximate and should be verified if deemed important.

798 Franklyn St, Nanaimo

Courtesy of Century 21 Harbour Realty Ltd.

Listing content Copyright 2024 Vancouver Island Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.